Centogene Net Cash Flow from Operations from 2010 to 2024
| CNTG Stock | USD 0.47 0.01 2.17% |
Check Centogene financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Centogene main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Centogene financial statements analysis is a perfect complement when working with Centogene Valuation or Volatility modules.
Centogene |
About Centogene Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Centogene income statement, its balance sheet, and the statement of cash flows. Centogene investors use historical funamental indicators, such as Centogene's Net Cash Flow from Operations, to determine how well the company is positioned to perform in the future. Although Centogene investors may use each financial statement separately, they are all related. The changes in Centogene's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Centogene's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Centogene Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Centogene. Please read more on our technical analysis and fundamental analysis pages.
Centogene N.V., together with its subsidiaries, focuses on rare diseases that transforms real-world clinical and genetic, or other data into actionable information for patients, physicians, and pharmaceutical companies worldwide. Centogene N.V. was founded in 2006 and is headquartered in Rostock, Germany. Centogene operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 808 people.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Centogene in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Centogene's short interest history, or implied volatility extrapolated from Centogene options trading.
Pair Trading with Centogene
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centogene position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centogene will appreciate offsetting losses from the drop in the long position's value.Moving together with Centogene Stock
| 0.61 | GH | Guardant Health Upward Rally | PairCorr |
| 0.74 | FIGS | Figs Inc Financial Report 2nd of May 2024 | PairCorr |
Moving against Centogene Stock
| 0.63 | WGS | GeneDx Holdings Corp Earnings Call This Week | PairCorr |
| 0.62 | GCTK | GlucoTrack | PairCorr |
| 0.48 | RCM | R1 RCM Inc Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Centogene could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centogene when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centogene - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centogene B V to buy it.
The correlation of Centogene is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centogene moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centogene B V moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centogene can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Centogene Correlation against competitors. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Centogene Stock analysis
When running Centogene's price analysis, check to measure Centogene's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centogene is operating at the current time. Most of Centogene's value examination focuses on studying past and present price action to predict the probability of Centogene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centogene's price. Additionally, you may evaluate how the addition of Centogene to your portfolios can decrease your overall portfolio volatility.
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Is Centogene's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centogene. If investors know Centogene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centogene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Centogene B V is measured differently than its book value, which is the value of Centogene that is recorded on the company's balance sheet. Investors also form their own opinion of Centogene's value that differs from its market value or its book value, called intrinsic value, which is Centogene's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centogene's market value can be influenced by many factors that don't directly affect Centogene's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centogene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centogene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centogene's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.